Asia

Tokyo Financial Exchange has formed a working group as part of an early effort to start listing futures contracts based around Bitcoin cryptocurrency, according to Bloomberg News. Cited by CoinDesk, this would constitute a first step toward pushing for a change in Japanese national law that would clear the runway for a Bitcoin future. The disclosure…

Bank Negara Malaysia (BNM) has announced that by October 2017, standards for the electronic Know-Your-Customer (e-KYC) are expected to be finalized. BNM will be issuing proposed regulatory parameters for the conduct of e-KYC processes for remittance transactions. Thus, the existing requirements for face-to-face verifications for onboarding new customers would be removed for companies that received…